0.
' i
i;
9
&
i.: , -f
il-4- -
7"""
t
f - '
i
.
r
I if.
I f. :
m
i
Ki:CE AND HNAKCE
( onox cu)si;s ii;v points it
J.aikrt Quito Arllye, Ruling Vrry Ir-It-jfiilnr
IVutiiro wmOtiMi Re
port Published at 2 OVFork. hhow
IiitC 1.1,21)0,877 Hales, Including 821.
10 Llntrra and IJmlmate of Cotton
Remaining to bo lniMwi Wreak
Jtullowcd Report, But Price Were
Quickly Rallied by Bull Support and
Covering. ' : : -
New York, March 20.-The cotton mar
ket was quit active and ruled very ir
regular. " The : feature being the ennsua
report which waa published .at i o'clock.
The close waa very steady at a net ad
vance of I to points. Sales for the day
wtre estimated at 960,000 balea.
The market opened steady at on ad
vance of S to 8 points In response to
better cables than expected. But shorts
seemed to be about the only buyers on
the call and Immediately afterward
prloee eased off to within a point or two
of last night's finals. Buying was a lit
tle more aggressive at the lower level
and after the light Houston estimate
waa published, the market advanced on
covering of shorts, and buying of M
attributed to prominent bull operators.
Artef selling up to 9 55 for May or about
10 to 11 points net higher, the list again
eaaed off and before the census report
Was Issued bad declined to about the
closing figures of last night. The census
report showing 13.290.S77 ables. Including
321.180 bales of llnters and an estlmatu
of cotton remaining to be ginned, was
Immediately followed by n further break
carrying May to .J7 or about 7 to 8
points net lower, but prles were quickly
rallied by bull support and oovcrinK.
with May closing at 9.48. Trading was
quite active after the report which came
lust about midday hetween the high and
low estimates rf ltn showing circulating
during the morning.
The Southern spot markets were un
ohanged to c. lower. The weather con
tinued seasonable.
Estimated receipts st the ports to-day
tlW5 bales against 24.WC Inst week and
16,2 last year For the week IfiO.OOO
bales sgalnat 187.5 lust we-k and 173.
42 last year To-day's receipts at New
Orleans 8,4! bales against S.Ssi last year
and at Houston lO.'xC bales against 4,71:0
lsst year.
PROPOUND DISTRICT OF VALUES
Stocks Rally Violently at Outset from
Depression of Previous Day, and
Fears so General of Important Fall
ore was Imminent as Consequence
of Stump, had Subsided to Irgc
Fhctent.
New York, March 20 The stock mar
' kf t to-day was accepted as a demonstra
tion of the profound distrust of values
which has resulted from the smash In
the securities markets. There was h vio
lent rally at the outset from the depres
sion of yesterday, and the fears hlli
were so general yesterday that some 11
portant failure was Imminent as a con
sequence of the stock market slump,
had subsided to a large extent. UttN
was heard of yesterday's rumors, 'n fact.
It became quickly obvious that the de
mand which put up prices was of a
Strictly profusions I character and that
thf higher prices were taken ndvnnlag'
Of for the free marketing of stocks. In
a few stocks this selling had the appear
ance of forced liquidation, and II wii.i
taken for granted that further closing
out Of otlppled accounts was In progress
It was not this, however, hwlch had
the most niscniiraglrig effect on specula
tive sentiment. Rather It was the pros
tration Of the demand at any level of
prices thus far 1'U' tied The supposition
was Inducer! that buying at the first
declines which was aittlluted to so-called
bargain hunters and which would be pre
sumably tak-n out of the market whs In
fact, designed simply for a profitable
turn In the market nn Its first rebound
from the violent de lines leallns of
this kind from foreign account epeial
ly have proved disappointing and have
come bac kupon the market In volume
almost e'pial to the purchases on the
eedlne Moreover, the demand at r
newed declines proves much lens effec
tive than on the first downward plunge.
The more deliberate downward move.
innt seems to te feared more than the
panic break for the greater lack of re
siliency which It inav show The mys
teries of the sources of the enormous
sales and the corresponding losses which
are presumable from last week's market
as a culmination of the previous heavy
dclln are not yet eleared up This helps
to confuse the .tltcrnpled explanation r f
the Closes of the furred selling. The
grounds for the present conditions In the
world's nn.it.cial markets are. In fact
not yet clearly understood The polni In
th situation which In out of Joint re
rr.slni ohs lire That the situall ti Is out
of toint makif the doubt over the causes
more Imprenxivc in begetting aution and
conservatism 'ip'i nR ate mu h mlx--d
as to the rel.ttKe iMipnrt:in to al
lowed to sundry f.i tors In the present
situation. Iri' lU'tir g nirinneps of money
In the ilrlrt sense whl. h is world -wide,
and aciuul shortneK ..f tapitil as dis
tinguished from money
ecmanda for new outlay
the part of capital of th
poratluos wlu h mk fot
the pari played bv ilc
agitation In (auslrix this
rrt pUred I'v the UiKe
In dlsl'eatltlK previous
pdoes. Intetet rat :ind
wnleh .form the b.mis f
toet hllKe
a 'iti-iist on
M-'llt of eor
new supplier,
till ' '-rporatlon
I o t II Ml nd 1 1 c
i. il ;nt of Kol I
T.-I.itlons In
Oi'T St Hll'lll rdl
tin. in- i.il aid
Commercial operat ci!S
In to-dsy s market lhfi- n is some fear
that spceUl de lopuients '.velluuig the
market, with which H w uld tlll lun
to contend In effxtlng icy recovery
Block wh.rh h ive luln torm.mt through
all tile disorder, of li e p.mlc perld. nut
which lire, rwerlheless. subje- t to al
tared conditions if value and credits,
were tinder observation during the dav
KxploMve piisslbllltles nr.- suspeited in
st letst one such sto. k Tlie xup. .,n
was a factor In the unsettled whuh
still hung about the market Muut
continued to work eatl.r but the p.i
Ing of the April 1st settlements licit li hern
and abroad le soun wh.it dn n.e. sid
ling exchange continued to decline
broadening the Mpparcnt profit on the
engagement of gold abroad for Import
The aitreme flin tuailoun of the day ftoii.
the openuig hlu-h h ye to the depth of
the reaction wen wide, but the day's
net changes on some of the niont notlve
stuckr are limited to nni:ill fractions
Bonds were Irregulst Total sabs, pnr
value. 'i.'i;.'Oi.
V fl twnds were unchnnaed on call.
Total sales to-day ; i hHIes In
Cludlng I'opf.cr 1IJ.SKI, Smelting H.0;
Sugar I VG Tohac. n Vti, Atihinon '.K mi
A C. U 7": Kt I'nul ?;' c li
I.1; I A N !... l etuni . i. (, ,d
Ing IW.l'lO. Houtii.'in Pi. in. :i K uti.
ern l 8An. td t'nh o r.o in. iv. o.i
t: b i v c.i.. iiie,.,,..ii
1.&00, pfd v.
Baltimore
and pn-1 1 i M
M.r. h ?n
.1
A I,
IJen"'! t'otlon Market
I.lvrr"nl. March Ji ii..n njHit
bllnlriefe Jotie ft lien l.l;l,..r;
Awrlciin ml1tllnK fnh i, nn. nil.l
dllna 133; iiil) ll iv '
, I '
lit, a'Hul. nnllnim r.rr,. nt llnnry
The RHIeH f.r tie .l) .r. 1.
I...
of which 1,000 with fnr
Ie. Illllllnn
ti
He
escort anil Incju.le l II vi Aun-ili un
eelpta !1,OiO bslei
inciii'iiita
13.3"t Amer-
Iran.
Future (ifM-ned rislei
tea'ty, Arner ,' :in mi.l llii.g
March
Msrch-Afrll
Aprll-Ma
May-June
June-July
July-AiS'it
Aoust-Bctmt(r . ...
September f.tiiti ..
0-toher-Novitiitx r .
anl
i I.
M
I.
Kwemrxpr-rHwirnlier SM'i,
I)eoemtr-Jaoiiary nii
JaJiuary-Kberuary IV.'i
, IlalUniore lroduee.
Baltimore, Msrcli 2rt-Flour stesily, un-
chanced.
'Wheat dull; mt rntitracf 74 to 7fi;
Sovthem ty sample 67 to 71
Corn dull, spot mixed (Jt to SI; No !
ahlta, U', to US; tk.ull,. rn white . orn
K to M. .
Oats firmer: Ko. 1 mlsed. i7 U it,
' Bys firmer; No 1 Western domestic, 74
W, choir 71 to 7.
UutUr firm sad unchanged; fancy Iml
tstloa M to 27; do creamery tl to :
td) do a to a: stor pcad n to it.
I-sss nrn And hisher ITVfcn. CIinn ae
ltv and unchannd; laria It; mtlura
V'i t mall UH to U; Sugar
adr a4 tsnohajifsdi eoarsa f raaulaud
6 1 AM fa. .
. 1 f f
Iliibbard ISros. & Co.'a Cotton Lttlcr.
Jlccl.il to The Observer,
New York, March 20,-Uverpool open
ed ' lower, recovered quickly to . above
lust evening el a Iwitter spot demand and
belief that the decline In American
markcta had been too rpld. Wlttr slight
Kuctuatlons our market was steady at
from 4 to ( points advance, until the
glnnerg" report was read. The. first Inter
pretation placed on the, report was bear
ish, causing a quick break of some t
points when the bull operator began
nlddlng quickly n) sharply causing
recovery to the opening prices. After
that the market ' waa without' feature,
with the trade of the opinion that while
I3,acfl) bales waa bearish (allowing for
the usual error In government reports)
(here would not be any sharp selling un-
less the foreign markets who
hol
id
the
large stocks gave way.
HUBBA1UI
Bitoa
& CO.
IVrt Moveroents.
Galvestqn, quiet 1(115-1
New Orleans, steady
Mobllo. quiet .... ...
Savannah, quiet
Charleston, nominal
Wilmington, steady.. ...
Norfolk, qule...
Baltimore, nominal..'- .
New York, steady..
V.oston. steady
Philadelphia, steady ..
Interior Movements.
Houston, quiet ,
Augusta, steady
Memphis, steady .. . ..
St. Louis, quiet
10 ll-W
. lou
. 104
. vi
. Il4
. 11
. n
. 11.25
10 13-16
11
ioS
10
t
The Money Market.
New York, March 20. Money on call
steady. J'4 to per cent., ruling rate 4;
dosing bid 4, offered al 4H. Time loans
dull and steady; 60 days to per cent.;
90 days 6 to 64: six months 6 per cent.
Prime mercuntlle paper to W, ster
ling exchange weak with actual business
In bankers' bills at W83 to WU.05 for de
mand and at $478.45 to 478.5rt for 0 day
bills. Posted rates $480 to $480V4 and $4844
to $485 Commercial bills $47814. Bar
silver 6V Mexican dollars 51V4 Oovern
mnt. bonds steady. . Railroad bonds Ir
regular. Omrloite Cotton.
These figures represent the prices iuntd
to wagons: March 20.
Good middling H
farict middling U
Middling 10J4
Tinges and stains Sa9'4
ClilcKjri Oroln and frovlJnns.
Chicago, March 20 Realizing on a li
beral scale caused weakness In the last
half hour In to-day's grain market. At
the clesc wh
down y- Co
w re i) 1.
the c ase wheal for May delivery waa
:orn wus oft to Oats
Provisions were 5 to 10c.
lower.
WHKAT
May .. .
July ..
CORN
Mnv .. .
July .. .
Sent
OATS-
Miv .. .
July.. ..
'OHK-
May .. .
July .. ..
.AHI-
May .. .
July .. .
FUKK
Ma v ..
July ..
High Iyow Close
76 7Wt 7n4
77H 77H 'CH
47 4F4 46'4
4'.4 454
4n-i 4;m-
42 41 'fc 41'.,
X'.i ITi 37',
ir. :n 15.60 .r,7
16.95 15.80 15.77
. 97 R.Jtl .S2
ft. 97 R.9C 8.9:
K.72 S i1 R il!
8.82 8.77 8.75
CATLIN 8u CO.
Cbmmlasloa Maretuuiia
845 and 347 Broadway, New
York
Boston, Philadelphia.
COTTON YARNS.
All numbers, Skeins, Warps,
Cops and Cones
COTTON GOODS.
ESTABLISHED
189X
Orlswold St., Detroit.
Nicholas Bltlg , Toledo,
Lennox BIdg.. Cleveland,
223 Diamond St., Pitts
Pa. 82-84
Mich.;
Ohio;
Ohio;
burg.
Kend name and address for
Information why ACP and
It I mi will sell at 250.
It. M. WEAVER,
217 8. Bros (I Street,
Philadelphia. Pa.
When in need of ftone, or brick, or lumber for a house it is good
business to buy from the lowest responsible bidder, for the material itself
enters into the permanent construction of the building; but it doesn't
pay to buy coal that way, for coal itself is not what you 'want. A cer
tain intangible something called power is what you are seeking, and
power is not measured by the ton, nor has it dimensions like a block of
stone. It depends upon Quality, and quality in the coal determines the
cost as well as the quantity of the power.
Because of its natural purity and uniform preparation ADMIRALTY
COAL makes most power with least consumption. Hence the growing
demand for it among southern mills and manufacturing plants.
Write for quotations and contract proposition.
Booklet 'Fuel Economy" containing detailed information, mailed upon
request.
M. 0. BROOKS, General Manager,
Chesapeake and Ohio Coal and Coke Company,
415-417 Mutual Buildinf, Richmond, Va.
Dpccially adapted for burning brick.
r1
COTTON AND WOOLEN
MILL MACHINERY
AND POWER PLANTS
Charlotte, III, C.
Have Been
in securing another lot of
21 Pettee Revolving Top Flat Cards
in good condition can be seen running.
Also 40-inch Pickers, Drawing with metallic rolls.
Greensboro Supply Company
Greenboro, N. C.
The Dry Goods Market
New York, March 20. The dry goods
market held steady to-day on all staple
merchandise. The demand for spot goods
continued very large but stocks were
small. Further advances were made In
low line shirting prints and printed goods
held very strong. The silk piece goods
and ribbon markets continued very
strong with supplies very limited.
WEBER'i
Producer Gas Power Plants
Save 50 to 75 per cent of your fuel cost! over steam and
Electric Power.
H. P.- HOUR-1 lb. GOAL
Compete Gas Engine and Trodueer Plant. Sizes to 1,000
horse power. 1
INVESTIGATE.
Absolutely thei most economical and reliable power for
operating Cotton Mill s, filns. Electric Light - and Water
Work Plants. Flour MIIIh. etc. Do not fail to got de
scriptive catalogues n nd estimates.
Weber Gas Engine, Co.
Factory and Main Office, Kansis City, Mo.
Southern Representative, W. T. IRVIN, Selwyn Hotel,
Ojarlotte, N. C.
The Brokers Stock and Grain Co.
A CORPORATION, CAPITALIZATION $.',00,000.
Dralora
STOCKS, BONDS, COTTON AND GRAIN
Koiid name and addreas for our weekly review of the market.
CORRESPONDENCE SOLICITED.
No. 1 Montgomery Street.
r
ower
' '
Fortunate
Charlotte Produce.
(Corrected daUy by R. H. Field Co.)
Chickens Spring 20 TS
Hens-Per he. 85 40
Duck i 26
Eggs .. 15
butter I 20
Rye M
Corn 72 07S
Cotton Seed....; B0
Oats-Feed 67
Oats-Seed 60
In
JERSEY CITY, N. J.
MAIN OPPIOtl
COUTH TRYON 8T., '' '
. .OHARkOTTI, N. C.
Cevolvlnj; Hat Card,
. Railway Heads,
Drawing FrameA, -5plnnlng
Frames;
i wistcn ana spoolers
; QuUlers and Reels,
combers , , : ;
ETC GTCs
JAIIE3 . LUTCHELL CO.
COMMISSION MERCHANT!.
Cotton
Tarns and
Cloths.
Cotton
CONSIGNMENTS SOLICITBD.
PblUdelphio, 122 and 124 Chestnut St
Boston, 185 Summer St. '
New York. No. 7S Leonard St.
Charlotte. 2S S. Tryon St
HUBBARD BROS. & CO.,
HANOVXK SQUARE. NEW TORS.
MEMBERS or Kaw York Cotton Ex
eh&nge, New Orleans Cotton Ex
change, Associate Members Uvar
aol Cotton Bxchanga.
ORDERS SOLICITED For tha puts
ohaaa and sals of cotton (or tutors
dallvsry. Corraspondanoa iavltad.
Looms
Dobbies
Repairs
Crompton - Thayer
Loom Co
Worcester, Mass
Alexander Carsed
Southern Agents
Charlotte, N. G.
Manufacturers and
Jobbers
Frequently find It neceasary to
hare Ranking FaclUtlea in ail
dlUon to those offered by locnl
hanks.
THE
First National Bank
OF
RICHMOND,
With
VIRGINIA.
1.000,000.00 Capital
Karned Snrplna 1600.000.00
A,500.000.00 Depostta
S9 000.UO0.U ) Total Rrsotiwos
Offers Just the Additional Fa
cilities Required.
Jno B. Purcell, President:
J no M. Miliar, Jr., Vice Presl
dent; Clma. R. Burnett. A.
ststant Cashier: J. C. Joplln.
Assistant Cashier.
Shoe
Trees
preserva ahapa and add to Ufa
and
appearanca of your footwear.
b ha pea to n snoes-mrat
and Ladles' Slzca.
Miller's Patent Extension Trees, price
1.00.
Our Improved Lever Tree, price 75c.
In ordering, send outline of shape of
shoe, with alia and width, and add
J6c. for oxpreaa or mailing.
Catalogue free.
GILREATH & CO.
Come and look at our
macmificent line of Dia-
mond. We handle nothing
except the very best. It's a
pood investment, as Dia
monds are advancing in
price daily.
Diamonds
Bdaaaaaga1","aWBgggjBjsjgajspl
Stuart W. Crat.ier
CNGjNlZCIi AND CCiNTRACTCIi
Clobbers, -Rsrlxs
FramM
intermediates,
JackFmnM
J E N C KES SPINNING CO.
COTTON YARNS
' OFFICES!
Pawtucltet, R, L, and Philadelphia. Pa. Philadelphia" Offlco. Marine
A Merchant Building. W mJt SpeUlaay, Manager and Soutliern Reproa
aentatlve. J ' , ,. . . .- i
0. A. R0BBINS
COMPLETE BQtnFMJENTS FOR , COTTOII WUA,
GEKERAti
CHARLOTTE,
U5CM.CRAPC SPINDLE,
Bajtt OQa aa4 Oraaaoa, laMoatlBf OrwaM, Reaar-Mteadl
Oald Watar Painta. Aganta TTattsea Pnotalna Oosnpawada.
GEO. B. HISS OIL CO.
CnARlOTTE, IV. C
J. SPENCER TURNER CO.
COMMISSION MERCHANTS.
Xtw Tot. rkOadelpMa, OOoao, St. Leata, U
Yams and Ootton Piece Goods.
PAULSON, LINKROUM & CO..
Cotton Yarns
K7. LONARl STREBT
1H CHESTNUT 8TKKEZ -Bia
MONROE SFREET .
William B. Charles
Ofaess Charlotte IV. C Beatea Maaa. and Amsterdam 1. T.
Maaa Oflee Amsterdam. N. T.
Single Utt Jacquard with Independent Cylinder Motion
DSE II ALTON 8 JACQUAROflL
THOMAS HAL TON'S SONS,
Philadelphia. Pa,
Prospective Builders
Bdore beginning your building operations yon would do well
to correapond with na for prices on all aorta ol Building Materlala,
We carry a full, line of Flooring. Celling. Siding. Interior
Trimmings, Saeh. Doora, Blinds, etd
Always prepared to fnrnlab the best materlala, and can sara
yon money. . HOTTON BOURBONNAI&
Hlokory. N. C. .
soimiKRN qrKKM grate
OCR LEADER.
If Ifa Oratea you want, or Mantali
it nt s us or write for cata
logue.
J. ti. Wearn & Company
Charlotte. N. C '
PVBUO ACCOUNTANTS AND
. AUDrrona . ;
BR0WN'& HUNTER
Audita of Banks, Truit CompanUa
and Oenaral Traders.
1311331 Empire Building, ' ,
' ' ' ATLANTA- OA. ,
- w E3
I ranon eppien
LI BUILDINta :
ATLANTA. GA,
:i
Automatic Feeders, -
, ' : . Dnnera sttirf Tritnlr. .
Ml
r- . ,
Breaker, Intermediate and ;
, - Finisher Lappers,
JCIrschner Carding Beatey
Thread Extractors, - v
, Waste Pickers,' etc V ,
,;:ifVlUwttaADrVfrfc . i,
t!TCETCt
MACHI7VER7. n
NORTH 0AR0LD7A.
y.
ENGINE
LOOM,
AND VALVE
11 s-
. NEW YORK
PHILulDELPHIA
CHICAGO
COTTON YARKS. COTTON OOODa,
AMD COTTON WASTE.
. D. SALKELD & BRO
COMMISSION MERCHANTS,
-73 LeonarC Street, NEW YORK.
OOTTON TARNI.
DEPT
Fredlc Vietor & Achelis.
nuon MACRAE & 00,
Dingers
KleoaDenoota sothra atocertdrs'
WILMINGTON, N. C. '
Waattlngton, D. X, 40S Oolorade Bid
Cotton Mill Stocks
RICHARD A. BLYTHE,
Commission Merchant.
OOTTON WARM AND TARNS.
ansssasHa
1 1 4 Chestnut Street, -fHTLADELPlflA,
. . . A,
Vm. D'OLIER & co
, COMMISSION MKRCUANTS ,
COTTON. YARNS
Third tad Chaatnat Sta.
Marine and Merrbaat BIdg,
rUILADELTIUA, PA. -
. . ! ' i
' t - -;
r
... .. ,